According to the Montgomery County Business Development Center, the village has been awarded a grant in the amount of $2.709 million through the Restore NY Community Initiative Program. The Montgomery County Business Development Center worked with the village and Geo-Environmental Management Solutions, LLC. in the preparation of this grant. Funding will be used by the company to demolish an unusable 40,000 s/f portion of their 200,000 s/f facility and re-habilitate portions of the remaining facility to add a new medical plastic foam products line. This project will result in the creation of 50-75 jobs over the next three years. This is the culmination of months of discussions with the company and one of its main customers.
Cellect LLC is a global leader in the development and manufacture of specialty polyolefin bun foams for use in a variety of industrial and consumer markets.
When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:
Formal Legislative Role
• Limited direct lawmaking power: The NYC Council is the primary
Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.